FxWirePro: Gold rallies as dollar struggles, bias back to upside
May 11, 2016 18:57 pm UTC| Technicals
Gold rebounded onWednesday, as the dollar rally paused on the day and global shares fell rekindling investors appetite for the yellow metal. The commodity is set to advance further towards 1285 and 1295 in the...
FxWirePro: EUR/USD bullish after breaking above 1.1400 levels
May 11, 2016 18:35 pm UTC| Technicals
EUR/USD pair rose towards 1.1290 levels on Wednesday, as dollar declined across the board as investors consolidated gains and booked profits on a day with no major economic data release from US market. Further...
FxWirePro: USD/CAD dips below lower range, bearish bias increases
May 11, 2016 15:28 pm UTC| Technicals
USD/CAD has declined sharply in the US session, as the pair was weighted down by a strong rally in oil prices after data showed crude oil inventories at end of May 6 week were 540 million barrels, a 3.4-mmb decline versus...
FxWirePro: AUDUSD intraday upside momentum strong after oil prices rally
May 11, 2016 14:02 pm UTC| Technicals
The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
May 11, 2016 13:14 pm UTC| Technicals
GBP/USD pair declined on Wednesday as fresh sell off resumed on Wednesday as Pound lost ground against US dollar after data showed British factory output recorded its biggest annual fall in nearly three...
May 11, 2016 12:33 pm UTC| Technicals
Candlestick pattern formed- Shooting Star Potential reversal Zone (PRZ) -2.1485 GBP/NZD recovered from the low of 2.1147 at the time of writing. It is currently trading around 2.1246. Short term trend is...
May 11, 2016 12:26 pm UTC| Technicals
Please be noted that the WTI crude oil taking supports at 43.17 levels from last couple of days. For now, the commodity has been well above 21DMAs especially after the formation of Dragon fly doji on monthly. WTI...
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